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Oct 20, 2011
10/11
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. >> the obama administration's lavish billions of dollars of subsidies on the u.s. solar industry, our central bank has been implicitly driving down the value of the dollar to promote u.s. exports. a lot of u.s. solar companies are losing money, which of course means they are selling their product at below cost, dumping it on the market, so the chinese really aren't doing anything we haven't been doing. they're just doing it more efficiently. >> reporter: in a show of political strength, both of oregon's senators are backing the trade case, which they say is hurting solar manufacturing in their state. >> american based companies can compete with their chinese competitors. what they can't do is compete with the chinese government. and that's exactly what these various subsidies are forcing them to do. >> reporter: experts in trade law say it is no coincidence a decision in this case is likely to come next fall in the closing days of the presidential election. the obama administration is already under pressure for funding failed solar panel maker solyndra. even though
. >> the obama administration's lavish billions of dollars of subsidies on the u.s. solar industry, our central bank has been implicitly driving down the value of the dollar to promote u.s. exports. a lot of u.s. solar companies are losing money, which of course means they are selling their product at below cost, dumping it on the market, so the chinese really aren't doing anything we haven't been doing. they're just doing it more efficiently. >> reporter: in a show of political...
121
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Jan 15, 2014
01/14
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administration's about to pursue its obama care goals, to to pursue its environmental goals were stripped out as too controversial. what democrats are complaining about, they simply think there isn't enough funding for pry otherities they think are important. there isn't money for example for the president's universal preschool initiative, something he announced in his state-of-the-union address last week. the deal also did not include the extension of unemployment benefits, something they're still arguing about on capitol hill. >> always something to argue about. it does sound like they are going to approve deal. what are the next steps here? >> reporter: well, the next step is to get it through both the house and the senate. it sets the stage for the big decision, susie, on whether or not going to lift the debt ceiling without a crisis. most signs indicate they are. we'll believe it when we see it. >> absolutely. john, thank you so much. john harwood reporting from washington. >>> the minimum wage has gone up in more than a dozen states since the start of the year. the hope that workers
administration's about to pursue its obama care goals, to to pursue its environmental goals were stripped out as too controversial. what democrats are complaining about, they simply think there isn't enough funding for pry otherities they think are important. there isn't money for example for the president's universal preschool initiative, something he announced in his state-of-the-union address last week. the deal also did not include the extension of unemployment benefits, something they're...
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Jul 17, 2012
07/12
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eye 94
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>> a lot of that has to do with congress and the administration, whether it's the current obama administration or a new romney administration. we have to get our fiscal house in order, and what that requires is a long term credible plan to cut deficits, the future congresses cannot evade. so, we're going to be coming up to that probably not in the fourth quarter of this year. i think they'll just do a three-month extension, tax cuts and i think in the first quarter of next year, then the shoe is going to kind of hit the road here in terms of what we have to do to get things fixed. >> tom: well, you're in fact on record saying that you think the market will give the government about another four years to get its fiscal house in order before buyers may evaporate. is that still the time frame that you are looking at. does that mean higher interest rates and how fast? >> well, what i meant by that was that within a fur-year time period if nothing is done we could potentially face interest rates similar to italy and spain are dealing with. we're not going to get there all at once because u.s. treas
>> a lot of that has to do with congress and the administration, whether it's the current obama administration or a new romney administration. we have to get our fiscal house in order, and what that requires is a long term credible plan to cut deficits, the future congresses cannot evade. so, we're going to be coming up to that probably not in the fourth quarter of this year. i think they'll just do a three-month extension, tax cuts and i think in the first quarter of next year, then the...
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Apr 19, 2011
04/11
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eye 184
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yes, the obama administration and house republicans have made progress on a plan to slash the budget deficit. s&p's david beers says the concern is nothing will be finalized until after the 2012 elections. >> clearly implementation is the issue here. it's one thing to agree on things. it's another to actually have credible measures underlying an agreement. >> reporter: under the most pessimistic scenario, s&p predicts the net national debt could surpass 90% of gross domestic product within two years. so what does a negative outlook mean to individual investors? if you own stocks, investment strategist jim awad recommends doing nothing. >> i think investors should assume that politicians under duress and pressure and screaming and shouting will put together a plan that is credible enough to satisfy the credit agencies and international investors. therefore, u.s. domestic investors should assume this will create a correction, not a bear market, and they should carry on with their usual investment programs. >> reporter: the advice for bond investors is not as clear cut. on the one hand,
yes, the obama administration and house republicans have made progress on a plan to slash the budget deficit. s&p's david beers says the concern is nothing will be finalized until after the 2012 elections. >> clearly implementation is the issue here. it's one thing to agree on things. it's another to actually have credible measures underlying an agreement. >> reporter: under the most pessimistic scenario, s&p predicts the net national debt could surpass 90% of gross domestic...
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161
Sep 3, 2011
09/11
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eye 161
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they're serious. >> tom: this comes at a time when the obama administration is likely to put more pressure on banks to ease some of those underwater mortgages. we may hear more of that on thursday with the president's speech. darren, we appreciate the insights into this big lawsuit here announced late today from washington this evening, our bureau chief, is darren gersh. >> thank you. >> susie: tropical storm lee is causing problems for the nation's biggest oil companies. they're shuttering some of their oil rigs in the gulf of mexico. daily oil and natural gas production from the gulf is running well below its normal rate. and nearly a third of the gulf's 600 manned oil platforms have been evacuated with helicopters carrying workers back to shore. >> oil prices moved lower on the sour jobs data as opposed to the threat of the storm in the gulf. let's get you updated with tonight's market focus. >> tom: it may only be two days old but september is living up to its reputation as a bad month for stock investors. the dow industrials spent the entire session in the red thanks to the sour jobs
they're serious. >> tom: this comes at a time when the obama administration is likely to put more pressure on banks to ease some of those underwater mortgages. we may hear more of that on thursday with the president's speech. darren, we appreciate the insights into this big lawsuit here announced late today from washington this evening, our bureau chief, is darren gersh. >> thank you. >> susie: tropical storm lee is causing problems for the nation's biggest oil companies....
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Oct 20, 2010
10/10
by
KQEH
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eye 152
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so even though the obama administration and in fact washington in general, can't see the point of natural gas right now, they will soon in the next few years. you need to be positioned in some of these natural gas stocks while they're cheap. >> tom: dan, give us advice for investors in their 60s. they traditionally do pay pretty traditionally yields, and e.p.d. with a 5.5% yield. >> yeah. you're on a fixed income, so you need these distributions coming in. it is okay if you're in retirement that you don't need to shelter. you need the money now. >> tom: any shorts or positions? >> i own exxon, devon. you've got it. >> tom: you can read dan's article on thestreet.com. dan, thank you for being with us. our guest is daniel dicker, senior editor at thestreet.com. >> susie: here's what we're watching for tomorrow: the federal reserve issues its beige book survey of the economy. the weekly reports on mortgage applications and crude oil and gasoline inventories are also due out. also tomorrow, the airlines lead the earnings parade. we'll see results from american airlines parent a.m.r corp, delt
so even though the obama administration and in fact washington in general, can't see the point of natural gas right now, they will soon in the next few years. you need to be positioned in some of these natural gas stocks while they're cheap. >> tom: dan, give us advice for investors in their 60s. they traditionally do pay pretty traditionally yields, and e.p.d. with a 5.5% yield. >> yeah. you're on a fixed income, so you need these distributions coming in. it is okay if you're in...
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89
Dec 17, 2014
12/14
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that's according to the obama administration and that number is just for the federal healthcare.gov marketplace. 13 states have their own web sites and marketplaces. >>> well, apple is making some headlines. first, it is halting online sales in russia because of the extreme fluctuations and the value of that country's currency, the ruble. the company apologized to consumers over there s needs to review its prices now that the ruble has lost half its value. also, a victory for apple in a decade-old billion dollar class action lawsuit over its pricing of the ipod music player. a california jury decided apple did not use restrictive sore in the ipod to freeze out make of competing mp3 players from accessing the itunes marketplace. >>> well, a different mood at sony pictures where the fallout from that massive hack attack on the company's computer system just keeps getting worse. julia boorstin has more on the latest troubles at the studio. >> reporter: the group that claims responsibility for hacking sony systems and releasing a personal e-mail and information is now going as far as to threaten th
that's according to the obama administration and that number is just for the federal healthcare.gov marketplace. 13 states have their own web sites and marketplaces. >>> well, apple is making some headlines. first, it is halting online sales in russia because of the extreme fluctuations and the value of that country's currency, the ruble. the company apologized to consumers over there s needs to review its prices now that the ruble has lost half its value. also, a victory for apple in...
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119
Mar 3, 2012
03/12
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eye 119
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now he's the treasury secretary and is fending off criticism of the obama administrations legislative answer to the crisis: the dodd-frank financial reform law. geithner writes in the "wall street journal," quote, "these reforms are not perfect, and they will not prevent all future financial crises." end quote. but independent banking analyst kenneth thomas thinks geithner ignores his own actions during the 2008 crisis. >> with all due respect, secretary geithner has amnesia because the biggest reason why the crisis was so severe was because he at the federal reserve bank of new york and chairman bernanke and especially treasury secretary paulson at the time let lehman fail. >> reporter: secretary geithner has previously called 2012 a key year for the reforms as dozens of the rules will be written. for instance, the securities and exchange commission is working on the so-called volker rule. that would ban banks from using their own money to trade derivatives. the commodity futures trading commission is coming up with rules governing over the counter trading for certain financial deriv
now he's the treasury secretary and is fending off criticism of the obama administrations legislative answer to the crisis: the dodd-frank financial reform law. geithner writes in the "wall street journal," quote, "these reforms are not perfect, and they will not prevent all future financial crises." end quote. but independent banking analyst kenneth thomas thinks geithner ignores his own actions during the 2008 crisis. >> with all due respect, secretary geithner has...
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Sep 12, 2012
09/12
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eye 193
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administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business school dean glenn hubbard, harvard economist greg mankiw, and stanford economist john taylor. >> among those, i think mankiw would be the most activist and taylor would be the least activist. mankiw would perhaps be the most likely to consider q.e. right now; taylor would be opposed. >> reporter: taylor has criticized bernanke for the fed's aggressive bond buying and is considered an inflation hawk. while hawks may be popular during an election, actually picking one for fed chairman may not sit well with a new president concerned about boosting growth. for his part, hubbard has given few signals about monetary policy, though he
administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business school dean glenn hubbard, harvard economist greg mankiw, and stanford economist john taylor. >> among...
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166
Mar 27, 2014
03/14
by
KQEH
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eye 166
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the obama administration now says that enrollees who have started to sign up for a new plan but have not yet completed their applications will now be able to finalize their coverages after the monday, march 31st deadline. this could impact millions of americans and it's not clear yet how long the extension will last. >>> house and senate have finally found something they can agree on. house speaker john boehner says he and top senate democrat harry reid reached a deal on legislation that would stop a looming 24% cut in medicare payments to doctors that is scheduled to go into effect on monday. the house will vote on the measure tomorrow, and that gave a boost to a number of hospital operators and other health care-related stocks. as you can see there, some of the biggest had some very sizeable gains today. >>> the "new york times" is going mobile. the newspaper just unveiled a pair of digital apps for smart phones and tablets. s as it tries to attract readers willing to pay for news stories. will today's consumers so used to getting internet content for free really pay for these stor
the obama administration now says that enrollees who have started to sign up for a new plan but have not yet completed their applications will now be able to finalize their coverages after the monday, march 31st deadline. this could impact millions of americans and it's not clear yet how long the extension will last. >>> house and senate have finally found something they can agree on. house speaker john boehner says he and top senate democrat harry reid reached a deal on legislation...
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Jun 15, 2016
06/16
by
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eye 137
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. >>> the obama administration was handed a major victory in its effort to increase oversight of broadband services. a federal appeals court ruled that the federal communications commission's net neutrality rules will remain in effect. that means phone and cable companies must treat all of the traffic on their networks equally. no blocking or slowing their competitors and no fast lanes for companies that can pay more. opponents of the rules plan to take their challenge to the su >>> congress approved a $28 million shift in funding for the transportation security administration. the approval allows tsa to allocate more money to where it's needed most like day-to-day operations at airports, which includes converting more than 2,700 officers from part-time to full-tim the additional workers will theoretically open up more airport security lanes and in theory ease wait times. >>> the computer syste the democratic national committee were breached. according to reports a group of hackers linked to the russian government are believed to be behind that attack, the same groups that successfully pen
. >>> the obama administration was handed a major victory in its effort to increase oversight of broadband services. a federal appeals court ruled that the federal communications commission's net neutrality rules will remain in effect. that means phone and cable companies must treat all of the traffic on their networks equally. no blocking or slowing their competitors and no fast lanes for companies that can pay more. opponents of the rules plan to take their challenge to the su...
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225
Jun 30, 2011
06/11
by
KQEH
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eye 225
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warnings and pleads from administration officials and bond-rating agencies haven't seemed to work, so the president called on congress to cancel its vacation to make sure a debt deal gets done. darren gersh reports. >> reporter: for anyone willing to play chicken with the nation's debt limit, the president today offered this warning: we don't know how markets will react when the government hits the wall. >> if capital markets suddenly decide, "you know what? the u.s. government doesn't pay its bills, so we're going to start pulling our money out," and the u.s. treasury has to start to raise interest rates in order to attract more money to pay off our bills, that means higher interest rates for businesses, that means higher interest rates for consumers. so all of the headwinds that we're already experiencing in terms of the recovery will get worse. >> reporter: the president called for what he called a balanced approach, matching spending cuts with tax increases on millionaires, billionaires. >> and before we ask our seniors to pay more for health care, before we cut our children's edu
warnings and pleads from administration officials and bond-rating agencies haven't seemed to work, so the president called on congress to cancel its vacation to make sure a debt deal gets done. darren gersh reports. >> reporter: for anyone willing to play chicken with the nation's debt limit, the president today offered this warning: we don't know how markets will react when the government hits the wall. >> if capital markets suddenly decide, "you know what? the u.s. government...
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110
Dec 7, 2013
12/13
by
KQEH
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eye 110
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staffed at the highest levels by people who were staffing the obama administration at the highest -- >> peter orszag, who was obama's -- >> -- director of management and budget director. now at citi. >> high level at citi. jake siewert who was a chief counselor to tim geithner, secretary of treasury -- they were doing all kinds of battle with goldman sachs during the first term, especially after the financial crisis. jake is now the head of communications for goldman sachs. i mean, you -- >> and so, many of them have a connection to someone else who figures prominent in your book, robert rubin. >> yeah, robert rubin -- >> was clinton's treasury secretary. >> there's always been a symbiosis between wall street and washington to some degree. but i think the clinton era introduced a whole new level of magnitude to this. and bob rubin, who was the sort of storied head of goldman sachs for many years, coming to take the reins of treasury was really -- i mean, he was a real guru. and brought a lot of protÉges, larry summers being the biggest example, to town. tim geithner being another on
staffed at the highest levels by people who were staffing the obama administration at the highest -- >> peter orszag, who was obama's -- >> -- director of management and budget director. now at citi. >> high level at citi. jake siewert who was a chief counselor to tim geithner, secretary of treasury -- they were doing all kinds of battle with goldman sachs during the first term, especially after the financial crisis. jake is now the head of communications for goldman sachs. i...
60
60
Aug 26, 2013
08/13
by
KQEH
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eye 60
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administration. >> obama's -- >> omb director. >> citi. >> high level at citi. jake seaworth, secretary of treasury, they were doing all kinds of battles with goldman sachs during the first term, especially after the financial crisis. jake is now the head of communications for goldman sachs. >> so many have a connection of other figures prominent here. robert ruben. >> robert ruben has been a symbiosis between washington and wall street. bob ruben, the storied head of goldman sachs for many years, coming to take the reins of treasury, he was a real guru, and brought a lot of proteges, larry summers being one of the examples, tim geithner being one of them. the economy crashed, and robert ruben gets a great deal of blame. bill clinton did a mea culpa on robert ruben. >> the firewall between commercial banks and investment banks, and a big supportive of derivatives, deregulation, and all of that contributed to the fiscal crisis. after he left the treasury department, he went to citi. >> went back to citi. >> $126 million in nine years? >> he did very, very, very w
administration. >> obama's -- >> omb director. >> citi. >> high level at citi. jake seaworth, secretary of treasury, they were doing all kinds of battles with goldman sachs during the first term, especially after the financial crisis. jake is now the head of communications for goldman sachs. >> so many have a connection of other figures prominent here. robert ruben. >> robert ruben has been a symbiosis between washington and wall street. bob ruben, the...
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623
Jan 28, 2012
01/12
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KQEH
tv
eye 623
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last week's show, when we reported on how the influence of wall street bankers has played out in the obama white house. listen. >> i do not understand why you did not include the fact that ubs was fined $780 million by this administration. surely, you do not want to have people vote republican or for a third party, which will only enable the republicans to get elected. i am appalled, frankly, at your last segment which did nothing, i don't think, in fairness to this administration. >> we were grateful for the call. we like to hear from all of our viewers. but i'm afraid she misses the point. it's not our role as journalists to help elect the candidate you like, or defeat the one you don't like. our job is to help you see what you may have missed. there's always more than meets the eye. so keep that in mind throughout this election year. we'll leave the horserace mostly to others, while we do our best to throw some light on what's really at stake. next week we move on to how conservatives and liberals see the world differently, and why. >> when it gets so that your opponents are not just pe
last week's show, when we reported on how the influence of wall street bankers has played out in the obama white house. listen. >> i do not understand why you did not include the fact that ubs was fined $780 million by this administration. surely, you do not want to have people vote republican or for a third party, which will only enable the republicans to get elected. i am appalled, frankly, at your last segment which did nothing, i don't think, in fairness to this administration....
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126
Dec 6, 2012
12/12
by
KQEH
tv
eye 126
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president obama warned republicans not to try linking the fiscal cliff negotiations to an increase in the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the answer is part of our science roundup online. hari sreenivasan has the details. >> sreenivasan: the image resembles a lite-bright time lapse. find those pictures and our conversation with a software developer who set out to visualize the 24-hour cycle of urban public transit systems. that's on our homepage. an international telecommunications conference in dubai aims to set new rules for the internet. what's at stake? we take a look in the rundown. and on making sense, economics correspondent paul solman argues both sides of the capital gains tax debate. all that and more is on our website newshour.p
president obama warned republicans not to try linking the fiscal cliff negotiations to an increase in the federal debt ceiling early next year. timothy geithner says the administration absolutely it prepared to let the economy go over the fiscal cliff unless the republicans accept higher tax rates on the healthy. and the southern philippines struggled to recover from a typhoon that killed nearly 300 people. and what does a day in the life of public buses, trains and subways look like? the...